Apply for Term Loans
Abstract Capital Group – provides borrowers with a lump sum of cash upfront in exchange for specific borrowing terms. Borrowers agree to pay their lenders a fixed amount over a certain repayment schedule with either a fixed or floating interest rate.
Fast Application
Complete our QUICK 10-second online form and get matched with an offer the same day and GET PAID!
Advisor at No Cost
You'll be connected with your very own dedicated Business Financing Advisor, completely free of charge!
Larger Payouts
Discover financing options that provide the highest funding amounts to best suit your financial needs.
Same Day Funding
The SPEED in our Fintech process allows underwriting completion in just a few hours AND same-day funding!
Fast 10-Second
Business Loan Application
Once you complete our brief and straightforward application, Abstract Capital Group will connect you with a professional Business Financing Advisor. This expert is committed to understanding your unique business requirements and will guide you in choosing the most appropriate and beneficial financing options.
Our personalized approach ensures that the solutions we offer are precisely aligned with your business’s objectives and financial needs, providing you with optimal support for your business growth.
Benefits of Term Loans
Quick Application
Unlike many other lenders, Abstract Capital Group applicants enjoy a simple, streamlined online application process, and know within 24-48 hours whether the loan has been approved.
Lower Interest Rates
Term loans are available at lower interest rates than shorter-term loans. Interest rates for Abstract Capital Group loans are between 6% and 23% (with 8% to 25% APR) depending on the length of the loan
Fast Approval
This option is faster than other forms of financing. Additionally, since a term loan is debt financing, it does not affect the interest of the equity shareholders, and keeps the company’s equity intact.
Frequently Asked Questions
Business term loans are relatively straightforward loans that are granted in full upfront by the lender. They’re specifically offered to businesses, but are basically the same as other familiar term loans like car loans, mortgages, student loans, and many personal loans. The funds are usually made available in a few days to one week.
The loan is repaid, along with interest, in fixed monthly payments over an agreed-on period of time. Typically, short-term business loans are repaid over one to five years, and long-term business loans are repaid over five to 10 years.
To learn more about our Term Loan Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
Not all business term loans are the same, obviously. Loan amounts generally range anywhere from a few thousand dollars to several million. Your company’s revenue, length of time in operation, and your personal and/or business credit score are key factors in determining how much a lender is willing to offer and what the interest rate will be. The annual percentage rating (APR) usually starts around 6% and reaches up to 99%.
To learn more about our Term Loan Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
The funds acquired in a business term loan are most often applied to significant immediate expenses. These would be costs like equipment upgrades and purchases, a large inventory order, office renovations or expansions, new hires and associated payroll obligations, and business expansions.
To learn more about our Term Loan Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
These loans are primarily for businesses that have been profitably operating for at least several years. Repayment begins right away, so if you need more flexibility in this regard, another option like a business line of credit may be more appropriate. Also keep in mind that collateral may be required for a business term loan.
To learn more about our Term Loan Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
Banks and credit unions are the traditional lenders. They typically offer lower interest rates but have more strict qualification requirements than online lenders—the other option. Online lenders may offer more convenience and flexibility, such as even smaller or shorter-term loans. Application processes vary between lenders.
To learn more about our Term Loan Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.